Multi-Family for Sale: 505-509 Chatham, Lynn, MA 01902

22 beds
12 full baths
13,810 sqft
$3,300,000
$3,300,000
505-509 Chatham, Lynn, MA 01902
22 beds
12 full baths
13,810 sqft
$3,300,000
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Price:
$3,300,000

Type Multi-Family
Beds 22
Total Baths 12 full baths
Square Feet 13,810 sqft
Lot Size 0.32 acres
Year Built 1910

City Lynn
County Essex

MLS 73319791
Status Active
DOM 10 days
505 Chatham Street, Lynn, MA is a solid investment opportunity featuring a 12-unit brick building on a large lot with 12 parking spaces. The apartments consist mostly of spacious 2-bedroom units, with a couple of 1-bedroom units, all fully deleaded. Many windows have been recently replaced, and the property includes coin-operated laundry in the basement, adding extra income potential. This well-maintained property offers strong rental income and excellent cash flow, making it a standout in Lynn's rental market

Lot & Building Features

Sewer Public Sewer
Tax Year 2024
Taxes Paid $30,185
Water Public
Foundation Block
Full Baths 12
Total Rooms 99
Garage Spaces 0

Price History of 505-509 Chatham, Lynn, MA

Date Name Price Difference
12/13/2024 Listing Price $3,300,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 505-509 Chatham, Lynn, MA

Location Map Street View
Photo of Cheryl Waitt
Direct: 603-235-5521
Office
200 Rockingham Road.
Londonderry, NH 03053
603-437-4447
Listed by Greenville Real Estate Group, Inc., Oleg Elisev
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6.75%
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505-509 Chatham (MLS #73319791) is a multi-family listing located in Lynn, MA. This multi-family listing is 13,810 sqft and on a lot of 13,759 sqft (or 0.32 acres) with 22 bedrooms, 12 baths and is 114 years old. This property was listed on 12/13/2024 and has been priced for sale at $3,300,000.

Nearby zip codes are 00000, 01901, 01904, 01905 and 01970. This property neighbors other cities such as Nahant, Peabody, Revere, Salem and Swampscott.

MLS PIN

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Greenville Real Estate Group, Inc.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.